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Biogen (LTS:0R1B) Cyclically Adjusted PS Ratio : 1.67 (As of Jun. 03, 2025)


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What is Biogen Cyclically Adjusted PS Ratio?

As of today (2025-06-03), Biogen's current share price is $131.19. Biogen's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $78.69. Biogen's Cyclically Adjusted PS Ratio for today is 1.67.

The historical rank and industry rank for Biogen's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0R1B' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 5.59   Max: 18.51
Current: 1.64

During the past years, Biogen's highest Cyclically Adjusted PS Ratio was 18.51. The lowest was 1.45. And the median was 5.59.

LTS:0R1B's Cyclically Adjusted PS Ratio is ranked better than
60.43% of 738 companies
in the Drug Manufacturers industry
Industry Median: 2.13 vs LTS:0R1B: 1.64

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Biogen's adjusted revenue per share data for the three months ended in Mar. 2025 was $16.583. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $78.69 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Biogen Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Biogen's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Biogen Cyclically Adjusted PS Ratio Chart

Biogen Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 3.91 4.00 3.47 1.96

Biogen Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.82 3.00 2.49 1.96 1.73

Competitive Comparison of Biogen's Cyclically Adjusted PS Ratio

For the Drug Manufacturers - General subindustry, Biogen's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Biogen's Cyclically Adjusted PS Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Biogen's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Biogen's Cyclically Adjusted PS Ratio falls into.


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Biogen Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Biogen's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=131.19/78.69
=1.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Biogen's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Biogen's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=16.583/134.9266*134.9266
=16.583

Current CPI (Mar. 2025) = 134.9266.

Biogen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 10.996 100.684 14.736
201509 11.943 100.392 16.051
201512 12.865 99.792 17.394
201603 12.434 100.470 16.698
201606 13.191 101.688 17.503
201609 13.472 101.861 17.845
201612 13.235 101.863 17.531
201703 13.019 102.862 17.077
201706 14.507 103.349 18.939
201709 14.532 104.136 18.829
201712 15.592 104.011 20.226
201803 14.790 105.290 18.953
201806 16.192 106.317 20.549
201809 17.033 106.507 21.578
201812 17.614 105.998 22.421
201903 17.715 107.251 22.286
201906 18.995 108.070 23.716
201909 19.545 108.329 24.344
201912 20.614 108.420 25.654
202003 20.418 108.902 25.297
202006 22.881 108.767 28.384
202009 21.476 109.815 26.387
202012 18.511 109.897 22.727
202103 17.689 111.754 21.357
202106 18.488 114.631 21.761
202109 18.701 115.734 21.802
202112 18.534 117.630 21.259
202203 17.153 121.301 19.080
202206 17.709 125.017 19.113
202209 17.324 125.227 18.666
202212 17.497 125.222 18.853
202303 16.963 127.348 17.973
202306 16.880 128.729 17.693
202309 17.474 129.860 18.156
202312 16.356 129.419 17.052
202403 15.699 131.776 16.074
202406 16.894 132.554 17.196
202409 16.877 133.029 17.118
202412 16.825 133.157 17.049
202503 16.583 134.927 16.583

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Biogen  (LTS:0R1B) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Biogen Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Biogen's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Biogen Business Description

Industry
Address
225 Binney Street, Cambridge, MA, USA, 02142
Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva (oncology) and Ocrevus (multiple sclerosis) are marketed via a collaboration with Roche. Biogen markets several multiple sclerosis drugs including Plegridy, Tysabri, Tecfidera, and Vumerity. Biogen's newer products include Spinraza (SMA, with partner Ionis), Leqembi (Alzheimers, with partner Eisai), Skyclarys (Friedreich's Ataxia, Reata), Zurzuvae (postpartum depression, Sage), and Qalsody (ALS, Ionis). Biogen has several drug candidates in phase 3 trials in neurology, immunology, and rare diseases.

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